Beyonca, a Renault-Dongfeng EV joint venture, secures Saudi investment

Beyonca, an electric vehicle brand jointly owned by French automaker Renault and Chinese carmaker Dongfeng Motor, announced on Monday that it had received an investment from Al Faisaliah Group Holding Company, a Saudi Arabian conglomerate. The deal was signed at a ceremony in Wuhan, China, where Dongfeng Motor is based. Beyonca also signed a strategic…